Celebrity Net Worth: Kylie Jenner named youngest self-made female millionaire


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Kylie Jenner

Once named the youngest self-made billionaire in the world, Kylie Jenner now has an estimated net worth of $600 million, down from $620m in 2021, according to a new wealth index by Forbes magazine.

As with many of the world's richest people, Jenner, 24, has seen her net worth shrink over the past year, driven by the Russia-Ukraine crisis, the Covid-19 pandemic and volatile stock markets. Nevertheless, she remains the youngest person on the magazine’s annual list of self-made women with an overall ranking of 41.

Jenner’s wealth stems from her make-up business, Kylie Cosmetics. She sold 51 per cent of the company to multinational beauty conglomerate Coty in 2020 for $600m. At the time, the deal valued the business at $1.2 billion. Jenner earned $340m from the sale.

However, filings by Coty later indicated that the size of the business was smaller and less profitable than previously estimated, Forbes reported in 2020, when it revised down her net worth to less than $900m.

In 2020, sales of the business dropped dramatically, the magazine said. This year, it reportedly plunged again — online sales dropped by more than half.

The youngest member of the Kardashian-Jenner clan, Jenner is half-sister to reality TV star Kim Kardashian and starred in the reality television series Keeping Up with the Kardashians from 2007 to its final season in 2021.

Jenner created her first business at the age of 14. With her sister Kendall, she launched a line of clothing, Kendall & Kylie, in collaboration with the brand PacSun.

Several years later, she launched what was to become Kylie Cosmetics, reportedly using $250,000 from her income as a model.

Products were principally marketed to her 100 million Instagram followers and she said the $29 kits sold out in less than a minute. Jenner has now trebled her Instagram follower count to 340 million.

She reportedly charges brands just under $1.5m for a single Instagram endorsement post, according to social media marketing platform Hopper.

Jenner has also boosted her wealth by buying and selling homes in and around Los Angeles, according to wealth tracking website Celebrity Net Worth. As of 2021, she owns homes in Holmby Hills and the mountains above Beverly Hills, as well as vacant lots in Hidden Hills and La Quinta, Architectural Digest reports.

Other women on the Forbes self-made women's list under the age of 40 include pop stars Rihanna, with an estimated net worth of $1.4bn, and Taylor Swift ($570m).

Roofing and building supply billionaire Diane Hendricks, the founder of building materials brand ABC Supply, topped the list with a fortune estimated at $12.2bn. That is up from $11bn a year ago on the back of a pandemic-driven housing boom.

Indian actor Dulquer Salmaan has invested in health supplements brand Wellbeing Nutrition. Photo: Anwar Rasheed Entertainment
Indian actor Dulquer Salmaan has invested in health supplements brand Wellbeing Nutrition. Photo: Anwar Rasheed Entertainment

Dulquer Salmaan

Indian actor and playback singer Dulquer Salmaan has invested an undisclosed amount in Indian health supplements brand Wellbeing Nutrition.

The plant-based company, founded in 2019, aims to position “nutraceuticals”, or functional food, as lifestyle products rather than medicinal supplements. Wellbeing Nutrition raised $2.2m in a series A round led by Fireside Ventures in 2021.

Other celebrity investors in the company include actor Rakul Preet Singh and model Mira Kapoor.

“I have always believed that health and wellness is one of the most important investments one makes,” Salmaan told entertainment website Bollywood Hungama.

“Given my busy schedule, the melts and the Slow range from Wellbeing Nutrition were so easy to adapt into my lifestyle. I believe it will be a game-changer in the wellness industry and I am happy to be associated with the brand and support its vision.”

The actor, 35, is the son of Malayalam box-office star Mammootty.

Salmaan’s net worth is estimated at $7m and derives mainly from his film work. He is also reported to have a significant real estate portfolio, with properties in Dubai and his home state of Kerala.

Salmaan has starred in more than 30 films in four languages since his 2012 acting debut in Second Show. His first Netflix series, Guns and Gulaabs, is currently being filmed.

Shakira has joined an $80 million Series B funding round for US breakfast cereal maker Magic Spoon. Photo: AFP
Shakira has joined an $80 million Series B funding round for US breakfast cereal maker Magic Spoon. Photo: AFP

Shakira

Lebanese-Colombian star Shakira has joined an $80m series B funding round for US breakfast cereal maker Magic Spoon. It is her first public investment since her 2020 outlay into nut snack brand SkinnyDipped. Both are gluten-free brands.

The size of Shakira’s investment in Magic Spoon was not disclosed.

Other investors in the round included professional basketball player Russell Westbrook, American footballer Odell Beckham Jr, comedienne Amy Schumer and musicians Nick Jonas, Halsey, The Chainsmokers and Nas.

The round was led by HighPost Capital, a private investment company focused on the global consumer and consumer technology sectors.

Magic Spoon, which makes cereals and cereal bars, will use the funds to accelerate business growth and expand from direct-to-consumer into retail shops, including Target.

Shakira, 45, has a net worth of $300m, according to Celebrity Net Worth.

With three Grammy awards and 12 Latin Grammys, the singer, songwriter, belly dancer and producer has made most of her money from music.

During a career spanning 30 years, she is one of the 100 best-selling artists in the world. She has sold about 70 million equivalent album units, including digital sales and streaming, according to data by music industry tracker Chartmasters.org.

Her last four world tours, including 2018’s El Dorado tour, each exceeded $75m in ticket sales.

The 10-year touring deal she signed with global entertainment company Live Nation in 2008 was reportedly worth $300m, according to court filings during a lawsuit by her former partner, Argentine lawyer Antonio Rua.

Last year, she sold 100 per cent of her music publishing rights to UK investment company Hipgnosis. The catalogue includes 145 songs.

Shakira has also appeared as a judge on the TV shows The Voice and Dancing with Myself, has a partnership with toy brand Fisher-Price and endorsements for brands such as Pepsi, Panasonic and Reebok.

Shakira’s previous investments include a 2019 foray into High Brew Coffee, an Austin-based beverage brand that sources coffee beans from her home country of Colombia.

She is thought to own property in Barcelona, where she lived with her former partner, Spanish footballer Gerard Pique, as well as in the Bahamas, Uruguay and Miami Beach in Florida.

Magic Johnson has entered the metaverse after acquiring digital football and basketball franchises in SimWin Sports. AFP
Magic Johnson has entered the metaverse after acquiring digital football and basketball franchises in SimWin Sports. AFP

Magic Johnson

Basketball legend Earvin ‘Magic’ Johnson has invested in metaverse sporting platform SimWin Sports after acquiring new football and basketball franchises in the digital sports league, according to the company.

SimWin Sports sells professional sports franchises as non-fungible tokens (NFTs).

Celebrities and athletes own the teams, and virtual athletes can compete around the clock to fuel on-demand fantasy sports contests.

Other celebrity team owners include basketball player Lamelo Ball, footballer Jerry Rice and musician Nick Carter of the boy band Backstreet Boys.

“I am so excited to be involved with SimWin, which is blazing a trail in one of the hottest new business sectors and has a great team leading the charge,” Johnson said.

“This multibillion-dollar business is about to take off and the SimWin model is an excellent way for sports fans to get involved in this ground-breaking opportunity.”

The retired American basketball player has a net worth of $620m, according to Celebrity Net Worth.

Johnson has used his basketball earnings to build an investment conglomerate, beginning with the cinema house chain Magic Johnson Theatres, which he developed Sony Pictures Entertainment.

Over the years, he has invested in several other businesses, including equity in food and beverage franchises including Sodexo, TGI Friday’s, Starbucks and Burger King. His company, Magic Johnson Enterprises, is valued at $1bn, according to Celebrity Net Worth.

Johnson is also a member of the group that owns the Los Angeles Dodgers baseball team.

Earlier this month, he lost a bid for the National Football League team Denver Broncos, which was sold for a record $4.65 billion to Walmart heir Rob Walton and his family.

During his career, Johnson earned more than $18m in cumulative salary payments and banked millions more in endorsements. He owns two homes in California — in Beverly Hills and Orange County.

SPECS
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Short-term let permits explained

Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.

Tenants also require a letter of no objection from their landlord before being allowed to list the property.

There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.

Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.

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House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

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Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

SPECS
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GULF MEN'S LEAGUE

Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

2018 Dubai Hurricanes

2017 Dubai Exiles

2016 Abu Dhabi Harlequins

2015 Abu Dhabi Harlequins

2014 Abu Dhabi Harlequins

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Biography

Favourite book: Zen and the Art of Motorcycle Maintenance

Holiday choice: Anything Disney-related

Proudest achievement: Receiving a presidential award for foreign services.

Family: Wife and three children.

Like motto: You always get what you ask for, the universe listens.

Updated: June 23, 2023, 11:56 AM`